1. US stocks retreat, banking shares lead decline

    US stocks retreat, banking shares lead decline

    21 US stocks retreat, banking shares lead decline AFP – 33 minutes ago View Photo

    Wall Street stocks finished lower Friday following profit taking in banking shares and some other equities that had scored big gains in the post-election rally. Bank of America (Swiss: BAC-USD.SW - news ) lost 2.2 percent and Goldman Sachs (NYSE: GS-PB - news ) shed 1.7 percent in reversals of the large gains seen since the November 8 election prompted a big rally in the sector.

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